Kardan Real Estate Enterprise and Development Ltd. (TASE:KARE) signed an agreement to acquire remaining 33.3% stake in El-Har Engineering & Construction Ltd. from a third party company for ILS 28.5 million on July 26, 2017. The consideration is subject to adjustments in the event of dividends distribution and others. The acquisition will be carried out on an AS-IS basis. Kardan Real Estate Enterprise and Development Ltd. already hold 66.7% stake in El-Har Engineering & Construction Ltd. Post-completion, Kardan Real Estate Enterprise and Development Ltd. will hold 100% stake in El-Har Engineering & Construction Ltd. The completion is subject to pre-conditions including among others, banking approvals and third parties approvals. The pre-conditions are to be fulfilled until the end of August 2017. The deal will be completed by the middle of September 2017. Kardan Real Estate Enterprise and Development Ltd. (TASE:KARE) completed the acquisition of remaining 33.3% stake in El-Har Engineering & Construction Ltd. from a third party company on August 13, 2017. The transaction obtained the approval from all the pre-conditions.